PSCU Financial Services executives will not speak about the topic on the record, but the payments CUSO's newest anti-fraud technology could dramatically lower the risk of card fraud for the entire card industry and make PSCU a good deal of money.

PSCU has filed a patent application for the technology which allows credit and debit cardholders to easily turn their debit and credit cards on and off, effectively locking and unlocking their accounts. The new technology has the potential to make card numbers compromised in data breaches essentially useless to card data thieves who lack the ability to turn the cards on and off.

PSCU has begun offering the new technology to its more than 600 member credit unions but an executive has signaled that the CUSO would be open to sharing with first other credit union card processors and then, perhaps, with the broader card industry as a whole. As the patent holder, PSCU would be entitled to a licensing fee for the use of the technology, but no PSCU executive would speculate on what that mean for the CUSO.